Indebted

Indebted examines the economic and political factors that led to the Greek debt crisis, investigating the effects of financial pressures from international lenders, unregulated spending by the Greek government, predatory bank loans, and rising unemployment. The book looks closely at the cultural dimensions of the crisis—how middle class urbanites experienced the shock of a global collapse, managed societal instability, and worked to sustain their families in the face of structural pressures, local instabilities, and moral imperatives. Analysis is based on ethnographic research in Thessaloniki, the second largest city and co-capital of Greece, during summer 2009; 2011-2012 and summer 2014.